Marketing and branding are integral business functions aimed at boosting revenue by raising product or company awareness. Despite their close connection, the distinction often goes unnoticed. Marketing involves diverse activities, starting from understanding customer needs to delivering the required product.
On the flip side, branding focuses on creating a product's identity in the consumer's mind, promoting an idea of your product as the ultimate solution. It cultivates long-lasting consumer relationships, going beyond simple product selection. Here, commerce students can explore the difference between marketing and branding.Difference Between Marketing and Branding | ||
Particulars | Marketing | Branding |
Meaning | Brings businesses and customers together to exchange goods and services. | A creative process makes products memorable through names, logos, and images. |
What it does | Cultivates customers. | Builds trust. |
Influence | Motivates immediate product purchases. | Impacts customers' minds to encourage product purchase. |
Creates | Aim at creating customers' needs. | A healthy and strong customer relationship. |
Policy | Pushes customers to buy. | Pulls customers to buy. |
Generates | Needs. | Relationship. |
Target Audience | For businesses. | For customers. |
Value | Promotes intended value. | Creates value. |
Result | Results in sales. | Brings reputation. |
Also Read: Difference Between Branding and Packaging
Also Read: Marketing Management – Meaning, Principles, and Types